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produce 50 of the out put and people are driving in the economy but economic stagnation and federal gridlock are skooegz the federal government service. add in the pressures of rooirz temperatures and the countries face to daunting channels. urban america needs a new playbook and we'll take a look at that. we have 3 guests mayor ed lee. and the president of the urban management one of the countries largest home bindles and a co- author of how the city's are fixing our fragile developed. please welcome them to planet one. (clapping). thank you gentlemen all for coming. bruce cats let begin with you. we'll get down to some specification. you write that the great recession was a rude way. call thrills about that. first of all, that you for letting me be here. i think what led to the great recession was a miss guided growth model which basically said we can grow an economy consumed by department and focus on the meveng around homebuilding but the funds would tells us we need to grow an economy and debris i quite frankly as president in the region it's fueled by ideas and manufacturing
as firms cutting staff so france still a big concern for the eurozone economy. we'll get more reaction on that in the next five minutes. at the same time, china is rolling out a new ipo plan. a 14 month freeze on new listings. companies will have to provide more disclosure in exchange for letting the market have more say on which deals get the green light. we're in sing ga pure with more market reaction. >> ross, beijing's news will bring the shanghai higher. the shendo boards tumbled 5%. the chinese deposit had its worst plunge ever. so before today the index had rallied more than 80% this year and it lost over 8% in today's trade. chinese authorities signal the likely resumption of ipo approvals as soon as next month. broker rages got a strong boost as can you see from the first row here. banks mostly ended in the green. health wide, new rules requiring cash dividends as well as the state council's announcement to start a preferred pallet program which may help banks shore up its core capital. but beijing is getting tougher on back door listings. while ipo approvals were stalling, ma
on the clinch river. began with the construction the tva plan was ambitious. the regional economies could be improved if the waters were made navigible. the tva constructed housing, began a malaria control project, worked on agricultural development, and provided electrical power to this depressed region. some thought the government was going too far. along with the utilities, others who feared economic loss joined in the opposition. coal miners feared hydroelectric power would reduce the demand for coal. the coal operato of wesvirginia came to washington, d.c. they were very angry at me because i was an open supporter of the legislation to create the tennessee valley authority. they said this will rob us of hundreds and thousands of jobs if these rivers are turned into productive areas for the power systems that will not stop in the tennessee valley authority but will go into other regions of the united states. they saw it as something to oppose, and they did so vigorously. the tva argued that flood control was its primary goal. the opposition argued that the government had no right bein
the economy as a whole. this is the van ignore of the industrial reluctance we want to be at the head of it. we talk about portland. portland actually doubled exports in - >> in san francisco we don't think of that (laughter). >> i'm sure how san francisco would respond to that we're weirder but portland is betting on a because they were so smart at the metropolitan scale a tear down the freeway in the 70s they've attracted a lot of firms t 3 sell services. their brand is we build green cities. they're saying to the latin medical examiner cities you can break out and we can help you plan and supply those products. we innovative in the economy while export those services and products good jobs and a very different model. you know, i think we need to get beyond labels. the most of come out of washington, d.c. they're mostly ideological about what the economy is. we're mapped it, it's productive and cities will get about the business of developing fuels >> i want to follow up on cars you note in 1983 half of the americans have driver's license and only 29 percent today perhaps more cities
across the world and how we compete in global economy, now that number has dropped down it's not 79% anymore. it's around 35% of our jobs in high school a diploma, which means we have a big skill scant. it's in the manufacturing jobs, john. you can't show up with a high get l degree and expect to a job in a manufacturing plant. you have to have some type of to do, to read, to write, basic math, to operate to machinery, the equipment, the things that you have. so as a nation, we're falling behind. industrialized nations, 14th in reading, 17th in science, 25th in math. 34 nations. we're a better nation than that. to compete and remain internationally globally competitive, we have to change and we haven system to address the needs of our employers. it up to you open guys, but before we do that, manziel y, is johnny going to win the heisman again? >> i don't have a clue. i played six-man football. >> you're an aggie, you're yeah, baby, yeah. >> i don't have an idea. he is fun to watch play. here's what i will project. i will make a prediction -- that i'm very confident in and that is th
side and what it does it our economy and families and our community and i've seen the incredible force that enterprises bring to revitalize our community and to hire talent from within and aboard. i've seen great entrepreneurship by welcoming talented folks from aboard so reforming the immigration system i hope i'll get a chance to be part of it. and we're looking forward to putting together a team and rolling out the historic reform of that system >> thank you for this conversation. >> thank you to our san francisco chamber of commerce and business forward and sf city for co- hosting this town hall. i'm eager to hear from the other companies about their stories of immigration. tell us your own stories. we're to start with you the ceo of illuminate. >> so my story is not any more special then the stories of what you've heard. you group in india. i gave a shout out and my family really believes in education and the empowerment through education. there is a certain resistlessness and get out of your comfort zone and explore other things. that's how i got here. the path is not easy it's
right. mayor ed lee has worked hard to keep san francisco economy and recovery on track and create jobs for san franciscans. he makes a city like san francisco to celebrate diversity in education and health care and in the environment for future generation. mayor ed lee began his career as a civil rights attorney he later served as a director of the human rights commission fighting for people then as director of the public works and later as city administrator now as mayor of san francisco he continues to fight by implementing services that help our most vulnerable community. i'd like to welcome to the stage the houshlg may have san francisco mayor ed lee. (clapping.) >> thank you very much. good evening, everybody and welcome to the people's palace. well, this is tonight i'm excited to be here it's an honor to be here to celebrate the ninth american heritage indian month no san francisco celebration of the awards. i wanted to thank not that all of you are here but for k q e d for the sponsoring of local heros. this is important because your city is all about diversity and i want to ma
is helping to create a stronger economy and a fairer society. will the prime minister meet me and a delegation of young people from cornwall to see how we can further promote these very worthwhile schemes? >> i am delighted with the news about the number of apprenticeships in cornwall. the government have made a major financial commitment to funding apprenticeships. that is making a difference, but there is far further to go in tackling youth unemployment and worklessness among people between the ages of 16 and 24. i am always happy to meet with him, perhaps a suitable moment might be when i am in cornwall. >> house prices are going up at a time when real wages are going down. does the prime minister accept that when interest rates go up after the election, it will detonate a sub-prime debt crisis of his making? >> the greatest danger in terms of interest rates would be to have a government who believed in more borrowing, more spending, and more taxing. that is what would drive up interest rates, that is what would hit the cost of living and that is what every family in this c
of the company. calls to the global economy twenty four hours a day. due to the business into you on all the stops in stocks rose in all prices fell this week on the news of a new pay deal between iran and six world powers the reigning government pledge to make its nuclear program or transparent in bhutan western powers relaxed some of the sanctions on the country the deal was also seen to pique the interest of western companies and stay on a return to a market that has been largely cut off the tee to sanctions. it isn't too late to cry of victory all the years of animosity to help with the business side of the story became time to crispin holes he's managing director to nato intelligence which evaluates political risks said thank you very much in people being with us let me start by asking you how big of a deal t think that this new quit the law actually is how much progress has actually been. while it's it's enormously important is a huge step forward in principle on the terms all the i truly mean to the economic impact of that is much less than that the principle of progress many fear
bodies to reinforce our collective plan to have a thriving economy. we share best practices and collaborate to educate the public. and we've realized on many of you who are in the audience. let's get back to where i started people who are crazy enough to think they can change the world do we have them here from leader nancy pelosi who has been protecting the environment to mayor ed lee who is building the extension programs who has helped to there our focuses and effectiveness and strengthen our role 90 in government and the architect is being trormd. we should all take heart from their transformational change. we've shown we can continue our focus to our values we'll indeed have an impact on the federal government in the lives of the american people and hopefully on the world stage where america continues to lead. now we have a woman who needs little introduction nancy pelosi is the representative for the one hundred and 31st congress reforming the political system to create clean campaigns and concocting reforms and slurring the neighborhoods and scalds. from 2007 to 2011
hundred in sf. we're committed to growing the local economy and maintaining a strong connection to our san francisco lines. when looking for a new headquarters it was location, location, location. we needed somewhere to provide easy access to lots of local businesses and restaurants and remain convenient for mass transit riders and bike riders a lot of our employees ride bikes. combrem is pack at about local plays and celebrate the distinct active and unique. we want to have this into a more than workplace. talking of resident at the 130 montgomery is an important milestone. we'll celebrate our tenth anniversary next year. i'm privileged to introduce yelp leader our 2kwishd nancy pelosi (clapping.) and what on a honor to be your representative in congress. thank you jeremy. your leadership and your sense of community and for staying in san francisco. i'm honored to join you and your colleagues especially our mayor who has a relationship with this part of the whole city, of course, but this was his baby and he's done a remarkable job. when we cut relishes at another that i have i tip my hat
of adopting effect the loss of the country needed new political transformations as the economy grew. the two thousand and seven the president proposed in march the consumption can expand the authority of the fall of the constitutional reform was scared out of the initiative of the soul cannot survive the lead for the system was changed to parliament received extra leverage on the government and the political parties and non governmental sector started playing with her walls in defining the policies and finding the solution. in fact some of the presidential powers were given to the prom today we have a bye camaro parliament which present three political parties includes representatives of cars expense people's assembly. the judicial system of the country is also being improved. it extends courts have become more dependent this even receive a better position in the global competitiveness ranking. thus being the basis of a unified in stable second power to institute a presidency in context and features independent in efficient functioning of the legislative i considered and judicial branches of
of november on optimism that the us economy is on the path to recovery and there this week may provide further evidence of that one protocol stack. here are starting off the new week and the final month of the year. the good of an email a guard standing by the tokyo stock exchange the meta twenty of the new also he stops just a touch on friday about mart big gains for the month. i think shaping up this monday morning. and how much i use indeed i'd like to be games for the nikkei last the month i actually rose nine point eight percent on the month of led largely by the stronger taller that we saw which was a lot of exports but let's not let see if i were taking off up to date december seconds and a bit of a mixed picture here of the nikkei just marching in the negative topics just barely in the positive we'll see how that develops. now i know you can take over key economic data may arise but the house in the sense that the u s jobs data on friday is going to be the big focus for today because it's gotta be the last one before the federal reserve policy meeting on december seventeenth and eighte
and transitional is an important part of our city to be able to compete in an economy. so the mayor and i have the honor of going to all the ribbon cuttings participate in the south of middle market. this is the first incubator space we're coming to which is an international collaborative workspace. i was speaking with some of the employees how many of us came to san francisco 13 years for the first dot come boom. many folks went from the colleges to the hot economy at that time. of course, we had the bust will cycle that followed and we're seeing something that's exiting the diversity of the economies and the businesses are incredible. this is excited about this step we're seeing on international collaboration this notice not just in san francisco but in asia. i'm sure you're aware it's been the mayors responsibility to collaborate to share ideas together. that's how innovative business and products are going to be created and brought together for our people. so i'm also here on behalf of the 11 members of the board of supervisors to welcome digital garage d g 717 to the south of market. i ha
something happens quick for the economy to catch up, i'm not necessarily agrees there's a crash, but a -- >> pullback. >> what would kill this rally is a sit spike in interest rates. >> we're over it. we had a global bond market sell-off today. >> by the way, mr. shiller, professor shiller may protest a little too much. he has this big theory about the stickily cal adjusted p.e. ratios, where he takes the prices by the average earnings. while it's high, he himself has had hits own index didn't consider the market to be overvalued. it's alternates high. this is his own index right now. >> the other issue is those who believe the market is propped up by the fed. that's been an issue for some time now, but it's gaining rather a lot of traction one an increasing number of people. because -- today there was an article in waerge, but how put the foot on the gas, and is there concern about fed policy and -- and people are becoming concerned. listen. at some point they have to pull the trigger and start to taper. when will it be? march? june? a year from now? that's what gets frustratin
, harming the economy. that is the vital artery. >> sure, we'll keep an eye on that. thank you. >> well, there has been more protests against military rule in egypt. proponents reached cairo's tahir square for the first time in months on sun. the crowd was dispersed from the area within minutes. earlier students on university campuses held rallies against a new anti-protest law and the killing of a fellow student by security forces. >> a draft constitution has been approved by the interim government. let's look at the controversial points. it let's the army decide who the defence minister will be for the next eight years, and bans political parties based on religi religion. the draft will go to a referendum. if ratified, elections will take place. tell us more about the controversial constitution. >> what's new this morning to many egyptians is the fact this it seems there'll be a change to the roadmap that the military government put forward. earlier we have been hearing that first the constitution will be drafted and it will be put to a referendum. if approved there'll be parliamenty
time. the point i was making, people were terrified. because it seemed like the economy had no bottom and the banks were going down and there was no federal deposit dollars. so imagine a time when we actually had a president who told us we should be courageous rather than trafficked in fear. to his own advantage. there's been a long war on the new deal. it was when roosevelt got started. almost immediately, the more than great realized the lengths he was willing to go. at the beginning, roosevelt didn't understand how far he was going to go. the dupont family and the ones that set up the american liberty league. that was successful because they have unlimited amounts of money. there were so popular, they were not able to stop it. they began to finance right-wing think tanks. they have been successful to the university of chicago economics department and notable fraud such as milton freed man. the idea of neoliberalism is there should be massive, selective tax cuts. margaret thatcher it is there is no alternative. of course that's absurd. there was an alternative. we have to connect th
economy also on my head. and they've seen an artist donald i will still be ukrainian capital of justice toward police lines and capture of mr to buildings hundreds of thousands of roman streets demanding the country's leadership resigned over the shelving of a trade deal with the eu. so the top headlines of the week despite general praise for historic deal on the roads become pregnant. the bombers attacked by forbes in washington he think the role has been let off the hook and these golden independence movement launches its manifesto to much acclaim but critics say the least effect is heavy on the tail lights and all the facts. the most of the day's top stories in the latest developments. this is the weekly one on teams it's a breaking news this hour as mini zoo hundred and fifty people being injured in the ukrainian capital two thirds of them police officers several arrests were made as protests is all that a gas stones and metal chains broke into the city council building and tried to storm the presidential administration. hundreds of thousands of demonstrators all the stre
the economy because it is growing, he cannot ask about the deficit because it is falling. he cannot ask about the numbers in work because they are rising. people can see that we have a long-term plan to turn our country around, and people can also see him sitting in his room, desperate for bad news to suit his own short-term political interests. >> one in eight men will be diagnosed with prostate cancer, the silent killer of middle-aged men. survival rates have risen from 30% to 80% because of breakthroughs in genetics, diagnostics, and drugs, and because of charities such as movember, which has gone from five blokes raising $500 to the world's biggest prostate charity raising $300 million. will the prime minister agree to meet me and representatives of uk research charities to see what we can do to make the nhs adopt innovation more quickly? >> my hon. friend raises a very important issue. everyone wants to see more research and better outcomes for prostate cancer. may i personally praise him for that magnificent growth on his top lip? i have noticed the number of my colleagues, suddenly res
areas. man: we have to have water supply for health purposes, for fire protection, and the economy. without it, things simply can't exist. woman: we have good health in this country, in part, because we have clean water. and we shouldn't forget that, and we shouldn't take it for granted. melosi: in the late 19th century, serious waterborne disease epidemics were having devastating effects. roy: but then, in the early 1900s, we began to treat our water. and since then, we've seen a rapid decline in the incidence of waterborne disease. narrator: most cities treat drinking water through filtration, chlorination, and sometimes ozonation to kill pathogens in the source supply. these are complex treatment plants that cost millions of dollars to operate, but are necessary for our wellbeing. the treatment of drinking water has been called one of the greatest public health achievements of the last century. the water infrastructure itself protects the treated water until it comes out of our taps. it's been since 1911, since we had an outbreak of cholera or typhoid in the united states. but t
few years funnily enough that they forget that they could change one child off to help the economy. but before that would take a look at the top rate of one year in china first up in security daily. the restricted housing policies after the premium still not stop the rise in housing prices. the china index academy over to play his one hundred cities housing prices died yesterday today november the average housing price the country's one hundred visitors to the vet and got to the un for square meter for about a hundred to two hundred dollars a square foot increased five point eight percent compared to the previous month. eighteen consecutive month for rising housing prices in stuttgart and twelve. many first and second years to implement the new restricted housing policy after the third clean up. market insiders don't believe the booker prize over short period of time the new puppy might have a positive impact in the future how i can cook them. in october the beautiful cover and on to provide new and plot structure. coverage is regulated the house and constructively and promptly sol
survive while allowing enormous damage to irreparable damage being done to done to the iranian economy. we've seen in the polls in the middle east north africa extended periods of sanctions that don't remove a regime of the puppy mill most damaging thing is done to the economy into the population larger than one thinks of a day or iraq for example within the regime could survive for much longer. but the regime using its own its longer term survival. and to achieve that i think the regime needs sanctions. and aviation before the damage this on the economy is becomes irreparable will never let us as happened in iraq. in how the state's key thing that they were in court and he is at the moment infection this time. growth is basically ignore that. so it seems pretty bad from the from the outside. it is extreme and out and given that the economy is very much driven bali government spending which is itself a function of government revenues to come from. crude oil exports limitations on crude exports stronger low economic growth is an open environment where you have a very large scale private sec
a good time. >> reporter: despite an improving economy, triple-a says consumers are uncertain about what tomorrow might bring, projecting a 3.7% drop in all air travel this year. reporting live at sfo, don knapp, kpix5. >> when the final numbers are in t is expected 43.5 people traveled this weekend. most of them 39 million by car. >>> it turns out a friend of paul walker was behind the wheel when the car they were in slammed into a pole and burst into names last night. speed was definitely a factor. the driver identified as roger rodis. he owned a sports car dealership and was a professional race car driver. the two men just left a fundraiser, paul walker's father was visibly shaken by what happened. >> i am just glad every time i saw him i told him i loved him. [crying] >> poor guy. walker was 40 years old. he leaves behind a 15-year-old daughter. a memorial is growing at the crash site as fans pay their respects. they are leaving behind flowers and notes and there has been a steady stream of visitors to the site. tyrese gib son was among those who stopped by. he starred in "fast and f
travel would be down 4% to 3 million travelers. the economy may be improving but not fast enough for some. aaa travel is projecting a 3.7 decrease in holiday travel this year. >>> it's click versus brick this holiday season. the predictions about cybermonday. >>> state lawmakers is getting a pay raise, but not everybody is taking it. >> letting the mountain lions live. ,,,,,,,,,,,,,, friday... and "small busine" saturday... hard to believe there's any point to "cyber mo . >>> we've survived gray thursday, black friday, small business saturday, tomorrow is the day you are expected to log on and shop more. retailers are trying to entice us, they have been doing that for weeks analyst predict $2 billion in online sales thanks to apps that help us find the bargains. >>> the web site for obamacare has been undergoing repairs. engineers have fixed 400 bugs. the health care web site can handle up to 800,000 users a day. the response time has dropped from eight seconds to one second. >> we have a much more stable system that's reliably open for business. at the end of the day we need high system
thousand and nine. the event is the keystone for the reconstruction of the local economy before this conference and a few companies were working. for now many companies are working. it's a great development which leads to more facilities. to get the multitude of business cards. these entrepreneurs with a stiff peaks that leads directly to contest the contract is highly contested the farmer takes it for the district of helmand but it was already have two or three projects in one hand don't say they want trees haunting and con the city there are some electricity projects the same intel are on their projects and many of the district to live with it the statement will often be the key to a safe environment in the costco checks all too often gone to a place in kabul. leave it to the country from pakistan and iran. events like these things happen to them. this is constricted contractors and so i can say. alicia condition of the problems is that we can only use natural diamonds with spikes. look at the bit to other international companies in the company's progress pics to us what they'
to have full prarngs in our economy >> the president has said it allowed and clear he believed that our immigration system is broken. he has laid obvious his ideas. he believes we need a strong bored and it's a priority for his administration a fair path to censorship[p to the millions of people who are contributing to our country and need to be here and have a lot to continue to contribute when they come out of the shadows. there are other priorities that he will continue to support and push forward. we want to, you know, look at those employers that are not following the rules. like all in this room there are employers who are not following the rules and it's a priority for our wanting to stop the things that are making us weak. and we still have a few years ahead but at this point it's not the end of the world but the administration stays commented to fix this system >> we're not going to lose because if we lose this opportunities it will be decades. but bob thanks for that question >> yeah. i have more of a city observation. as this effort moves from the senate to the house that'
of upcoming book, it's worse than you think, the u.s. economy and th the dece of the middle class. and trey, welcome. chris, i don't remember sales going down, a big deal, what do you make of it? >> i wish i could make better news of it. we have record unemployment. we have zero wage growth. we have 48 million people, americans on food stamps, last time i hecked santa does not take ebt. it snow surprise this sale -- it is no surprise that sales were down. >> shopper spent -- how much is that? per family? 423 down from 423 in 2012. >> i think this question requires maybe a big picture approach, holiday shopping started early this year. retail me not conducted a survey. survey. 40% of shoppers started in september. it might have taken a bite out of the blacky sales. and there was a 21% jump in cybershopping monday. it might plan out. >> it always goes up, double digit? >> i don't know if much. last year was the biggest on-line shopping day in history, we were expecting a 15% jump. >> another big question, who won out, is it bricks and mortars or on-line? >> amazon. every other promotion i ha
would be cheaper that the government will lose the deal would actually damage the economy for very little in return the opposition students to skip should resist pressure from moscow but close economic ties with russia including a free trade said in a shed business landscape and increased exports able to pull the states together. an associate professor of political economy. jeffrey someone says to use trade relations with the ukraine have touched the country if we take a look an eastward expansion itu we can see that it has in the past. produce de industrialization in the east only migration from the east to west. and so we've also seen west european in the east and i think that the eu is a yet to experience the course of the past for five years the economic crisis in its ease further eastward expansion as a waitress all their own problems and last year. some sunni politicians to be blaming russia for the events taking place in kiev saying it was pressure from moscow that sunk the deal with the eu and some of those politicians of being seen in the central kiev cheering protest is a
's restaurant industry ~ as a strong and essential part of san francisco's economy. as an executive director, you have been excellent at articulating the needs and repairing the reputation of the golden gate restaurant association and the restaurant industry to san francisco's city government. you have also been an invaluable partner to the office of small business and the small business commission in advocating for reasonable public policy discussions and the betterment of regulatory conditions for restaurants. for these reasons, the small business commission commends rob black for the contributions that you've made during your tender tenure at the golden gate restaurant association ~ and wishes you continued success in your new endeavors. (applause) >> commissioner white. >> rob, as you know, this is a very sad for me, being a restaurant owner here in san francisco. although i do wish you well, i know you're moving on to bigger and better things. however, i wanted to personally thank you for the work that you've helped us with, david and i with 1300. without your leadership and the ggre, w
proudly, because, without wastewater infrastructure and drinking water infrastructure, the economy will stop. we did a major outreach. we trained an outreach team, who went to every community meeting, to educate people on how bad the crisis was. not only did i tell people that we'd have to raise rates, i told them we'd have to tear up the city to repair this infrastructure. man: you can't simply say, "i won't use any water, it's too expensive." we have about 25% of our population that's at or below the poverty line, so you have to look at rate structures that are tiered so the people can pay their bills. franklin: we would love to have something like 75% federal money. we do get some federal aid and we are thankful, but on the other hand, we're paying for this primarily with new rates. we have increased our rates to among the highest in america. but not nearly as much as if we hadn't passed a one-cent sales tax dedicated to water and sewer infrastructure. hunter: that sales tax counts for about a third of the revenue of the department right now. franklin: we got 75% of the voters t
to forty percent of the world's economy. they sever second year in korea life from seoul and keep them from when they do so much for joining us. we begin with the president's confirmation of three key government posts today which went through despite the lack of the national assembly's blasting the president talking head pushed ahead with the appointments to maintain stability in state affairs as all elementary businesses come to an effective holt from a boycott by the opposition party the presidential office correspondence was into surface. health and welfare minister please don't kill prosecutor general keen to attack a cheese stick on a term high tech and have benefits to place your perspective seats by president mckinley. ordered the new we appoint officials to work or brooding up the normal practice is to penetrate its tv fears that its production. make sure that nobody in any case to find the constitution and the beaches democratic principles the president had to lay off three appointments due to strong objections by the opposite party. after all confirmed that she's on her nomination
the geelong plant ukraine profit from europe's economy this european union officials and heads of european states tried to explain the inventive use of your hand the main even if new ukrainian coal beds that will be able to penetrate the european market. he's only one explanation for that he did it with you on. indeed the european market. he's nice and very protected markets. and it is actually the ukrainian market that's your real needs particularly in these times call for an economic crisis has sold its head between his duty as an extension called the european market. protests in kiev began in november the plaintiff as to say no to the government said it was suspending a major trade deal with the heat while a zombie and tools independence plan on sedan not the week with several thousand demonstrators and police occasionally engaging in scuffles on friday night eleven security forces run out of patience and raided the county seat is she a force to disperse the crowd authorities were quick to find any prices in central kiev but this is only set to encourage today's opposition to a good day
276. that's been a pretty significant change. >> a big move but at the same time economy a little bit better. >> unless you count jobs numbers, right? which we'll get another look on friday. >> you want to go against the autos? >> i think gm will have great numbers. there's momentum that's difficult. david, you made the best point. do i want to sell anything other than the losers? five stocks in the dow up less than 10% and clunkers. okay in maybe you want to sell a clunker, caterpillar. a clunker, ibm. otherwise, why take the gain issue? >> i talked to a couple of guys who believe we will have a technical melt-up in the winners for this very reason. >> why would you sell them? you'll buy more or conceivably because nobody has a reason to sell them. we look at the supply. i look at the quarters to me the most important thing is not the revenue growth, not the earnings growth but the shrinkage. companies bought their own stock hand over fist and not a lot of stock for sale. i think it's major. >> looking for clues as to how business news, working into the overall american psyche, check
in one of the southeast asia's largest economies. demonstrators are looking to topple the government and the current prime minister after accusations of corruption and abuse of power. the u.n. has closed its offices in bangkok warning foreign travellers to stay out of the streets. >> afghanistan president karzai is accusing the u.s. of holding back fuel and other supplies. he said they are holding back supplies in an attempt to pressure for him to sign the agreement. >> from the "los angeles times" officials say speed may have been a factor in the crash that killed actor paul walker and his friend over the weekend. according to police the "fast and furious" star left a charity event. witnesses at the event said they heard a loud boom and saw smoke. walker was in the middle of gaming "fast and furious 7." walker leaves behind a 15-year-old daughter. he was 40 years old. >> really. isn't that bizarre? came from a charity event and he gets in one of the cars and the guy drives off with him -- >> he was the passenger in the car. >> passenger in the car and runs into a pole and blows up.
the economy. american people are talking about all these issues except what is important to me, my job and income. that is what washington needs to focus on. american people are screaming, focus on what is important to us. >> they paint a bright picture on the horizon for the white house in terms of how things could go. how do you see that? >> we can try to turn this around, is working, are people getting insurance, are people saying yes? there are scenarios where the country starts saying, ok, it was a bumpy start but it will get better. the economy is improving. at the same time, you have a series of fiscal debates coming up between the president and congress and those have not gone well. the president and his team see those as opportunities again to sharpen the difference between what he is trying to do for the country and what republicans and their words are impeding. that may be an opportunity for obama to retain some approval ratings, perception of competence among the public there it it is a rosy scenario and there is a lot between now and then that has to get fixed. the white h
? >> it may be overdone. the fundamentals in the economy justify the equity and well. it is hard to correlate with the sluggish growth we continue to see. outside of that the asset purchases by the fed and aggressive monetary policy we have seen serves the purpose of inflating risk premiums and essentially causing them to tighten places they wouldn't otherwise be. i don't think that is just an equity or fixed income issue. all sectors will be affected if that begins to unwind. connell: one of the big stories no doubt it's going to be one type of federal reserve will generate yellen oversee and willie federal reserve as to this risk or take away from it. what is your view? >> from a market perspective it is all about expectations, and the expectations are already in the price of fed is going to taper. we think the fed essentially already tapered this summer, so if you look back to announcements when the fed announced aggressive asset purchases, interest rates began to rise after that announcement. we would not be surprised to see riverreverse happen as the fed announces tapering of quantitativ
, that economy is contracting and better pmis out of the u.k. the u.k. economy firing on all front at the moment. back to you. >> ross, thank you very much. again, ross westgate, we'll check in with you tomorrow. >>> retail, another holiday kickoff, it's come and gone. how did the retailers do. joining us is dana telsey. the reports that i've seen suggest this wasn't really a build. sales were actually down over the weekend. it makes you wonder if opening earlier on thursday is worth it for all of the big retail companies? >> it definitely seemed as if sales on thursday pulled from friday. even a little bit from over the weeken weekend. overall when speaking to retailers, low single digits is where the game was. >> so what does this mean? was this a mistake for them to open early like this? was this simply an issue that the retailers started talking about the holiday sales as early as november 1st i think in walmart's case? what happened here? >> i think that you basically had the promotions and all the advertising for it starting way before this thursday or friday of thanksgiving and black frid
to moderate income americans face today in trying to earn a livelihood in today's economy. of we work with a variety of local initiatives and institutions that are developing new strategies, that are sport supporting the economically vulnerable and trying to promote their economic success. and as part of this work, we've been hosting a series of conversations that bring together diverse perspectives from policy, academia, business, education and other spheres to discuss the challenge that low income americans face today and and to think about new ideas that can address these challenges and help move us forward. today's conversation focuses on the potential of microenterprise to address the jobs that fit in today's economy and draws on research and policy analysis developed as part of the big ideas for jobs series that is supported by the casey foundation and the kellogg foundation. and we're particularly grateful to the casey foundation for their support of today's event, and i want to acknowledge bob and -- [inaudible] who are here with us today. and to start us off, i am delighted t
what does that say about our economy? >> well, first of all, the data we get on -- from the retailers at this time of year is almost always contradictory and confusing. they are not always completely forthcoming because they don't want to discourage people from shopping. i think the most interesting thing we saw over the weekend, besides the fact that a number of retailers decided to be open on thanksgiving day, was that 40% of the sales were on-line. in a sense, cyber monday is an accra nism. cyber monday dates from the day when people had slow internet at home and came to work on monday after thanksgiving and ordered. now so many have broadband people are shopping on-line all the time and the retailers are scrambling to catch up with consumers. >> i shop on-line too in light of the incidents you see every black friday, always seems to be a fight somewhere and that can't help retailers, right? >> right. well, of course not. but i think people like going to the stores. we at the "wall street journal" and others did stories following teenagers around the mall and that's social. you can
years. what does that tell you about the state of the economy? >> well, that's not very good news, stuart, but really, really is important here is not 1 percentage this week or last week, what really happens is economic policies. we could get this economy growing enormously if we put in good policies. a low rate flat tax, spending restraint. you know the drill. it's all there. and that, this is all a consequence of very bad economic policies by this administration and congress, especially the senate and they've put through a lot of tax increases this year and you're seeing the consequences of it. look at what obamacare has been doing, it's liighths catastrophe and why would you expect something really good to be coming out of this mess? i wouldn't. >> i think we've had this conversation before. >> yeah, we have. >> unfortunately. are we going to have it again in a couple of minutes? because i question whether you're going to get any change in economic policy in the next three years, i don't think you are, but i'll come back to you on that one in a second, okay? >> it's a deal. st
. >> or economic numbers which they could get some better ones this week possibly. >> they said the economy's supposed to grow, according to baron's. it was supposed to grow 1.7% -- >> or find another bin laden. >> this might change everything this is david fluff, is that his name, david fluff? >> close enough. >> on this week talking about when we expect obama care to work. i think this is a bright part of the rainbow, whatever that means. >> may take until 2017 when this president leaves office. you're going to see almost every state in this country running their exchanges and expanding medicaid. i think it will work really well then. >> there you go, 2017. that's right around the corner, kids. >> it's going to be awesome when he's out of office, that's what he's saying. >> if we just believe in the greater good, this will work out. >> just remember, it took medicare a good six or seven years before it got settled down to work. >> now it works. >> don't you think it does? >> no. >> you want to privatize it, don't you? >> i would like to. >> that's not what paul ryan says. >> let's not min
as much. what would that be? >> there's a lot of financial insecurity, and the economy is still not strong. so, people still have a lot of concerns about spending too much money, losing their jobs, having insurance to pay for. >> how much does that factor into things? the premium shock or whatever. we're told that it's actually affecting a minority of households but that's at lot of households. >> insurance costs a lot of money and a lot of aging people who are employed have cost sharing, so everything goes up, and if your salary isn't going up or you have some insecurity about whether you'll actually have a job, then you have to consider that when you're out shopping. >> how is this -- i've been covering retail sales for decades on the holiday season. all the same concerns. angst on the part of folks concerned about job security. that was raging even during the internet boom. so, i'm just wondering whether we get too much credence to the gloom and doom or is it different? >> i think people are concerned about their retirement, and there are jobs that are letting people go when they're in
and work in the city. and the hotels support the economy there that as well. michael serves on the hotel and foundation board that raises money for hospitalized pistol and a sclarpdz michael is the president and he's about that a leader. as michael mentioned the hospitality industry is a industry that looked at gaps around us the hotels have careful because of the guest xrerps and you can post on hotel.com any type of noise and they did. and michael and the hotel has done a good job and i encourage you to move this permit >> any public comment on this item?. all right. seeing none, public comment is closed. commissioners happy to take a motion >> i move to approve with police companies. >> second. >> great any further discussion? if not let's take it for a vote >> on the motions to approve with police conditions (calling names) moved. >> congratulations. we're going to move on to our next item that's really a closed item section 4, 5497 and an admin code we are going to do a employee evaluation so we're going to have everyone please we the appropriately report and review of the exec
. >> when we look at the polls, we still see that people care much more about jobs, the economy and domestic issues than any foreign policy issues. the current climate is still such that people aren't really worried about what is happening in iran as much as their backyard. >> quickly, joe biden is going on an asian tour at a time when things are really critical with china and japan. >> you will be landing in tokyo to remind his friends in asia, china, japan, south korea that they aren't being neglected. stays calmerything over there. >> thank you. >> tonight's game has wrapped up at fedex field between the redskins and the giants. it came down to the wire and sadly, the redskins continued their losing streak. britt mchenry with the details. >> it has been a tough one. depressing for washington fans than the actual game tonight has to be this spot. sorry, guys. projected difficulty of the schedule, the skins are projected to have the second overall pick in next year's trapped. wait for it, it goes to st. louis for that rg iii pick trade. write down the field, alfred , 7-0 skins and they are
with the concept of drawing like this quick. >> i've done 140 covers for the economy seemed about 4,000 cartoons, so there is a little different process for those. the cover i'm working with the editors because they believe the story of the day they often call me on a monday and say we think we are doing something like this. and then when we sign off i have 36 hours to complete the whole project. when i do my political cartoons that iit is more like a column e it's my own idea on a story of the week ended the ninth coming in with the idea and i will present it to them. one of the things about being a political cartoonist, which i would like to think is different than all of my other journalistic colleagues is that i had to cover local cartoons, local and international. the world is my oyster. so keeping up with everything is the hardest part of the job. of course the web is fantastic. if you read all the time, watching c-span you are doing all this great stuff its never-ending keeping up with the news. >> host: how long did it take you to draw the cover of "daggers drawn"? >> there were a lot of
and they had the country running very smoothly. they stimulated the economy. all the mechanics of everything was working really well. i do think it is a republican or democrat issue, left or right, what is going on now, i think we have a lot of good democrats like menendez and darrell issa, i think is a good democrat. he is a republican from california. i think we need to get the country back in control of the west coast. they do a better job than the east coast. i think the north carolina is doing a real good job. i wonder what number his position is going to be. will he go down as a worst president ever? i don't see him in the top 10 or top 20 or top 50. i'm sure he is a good man. he has a tough job to do. he wakes up like everybody else does, puts his pant legs on one leg at a time. it is a tough job. he is talking about trey gowdy from north carolina. on was talking about the president's job and how he might rank historically. the real clear politics average of different polls out there on job approval currently has obama as a 40.1% approval rate, a disapproval rate of 55.6%. that is an
to novate, create new technoloes and jobs... and strengthen the economy. america is the world's leader in wireless. free up linsed spectrum today, so wireless... let's keep it that way. can do more foamerica tomorrow. yeah... try new alka seltzer fruit chews. they work fast on heartburn and taste awesome. these are good. told ya! i'm feeling better already. [ male announcer ] new alka seltzer fruits chews. enjoy the relief! >>> we colcome back, everyone. a police chopper slams into the roof of a crowded pub. as the wreckage was removed today in glasgow, crews pulled out another body. >> trapped in the corner. there was the whole place -- there was no immediate way for us to get out. >> investigators say the pilot of the doomed chopper didn't make any emergency calls before that accident. >>> hhs secretary kathleen sebelius says the obama care site has dramatically improved. in an op-ed sebelius says the site is running faster and can handle more users. the website has been plagued with problems since it launched, of course, october 1st. all right. we were just talking about your thanks
the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. all white meat chicken was made to be blanketed in golden breadcrumbs. with whipped mashed potatoes, topped with a thick homemade gravy. so she makes her country fried chicken to be eaten together. so they savor every last bite. marie callender's. that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they could save you in out-of-pocket medical costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and virtually no referrals needed. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp... and provided by unitedhealt
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